Examlex
Explain, with examples, the difference between internal and external validity in experimental design.
Skimming
A pricing strategy in which a high price is set for a new product to “skim” off customers willing to pay a premium before lowering the price to attract a broader market.
Demand-oriented
An approach to pricing, production, and marketing that focuses on the demand levels and preferences of consumers.
Approximate Price
An estimated cost given for a product or service, offering a ballpark figure that may not account for detailed specifics or potential changes.
Bundle
A marketing strategy that involves offering several products or services together as a combined package, usually at a lower price than they would cost individually.
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